Symmetry Partners LLC Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Symmetry Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 51.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,036 shares of the semiconductor company’s stock after buying an additional 9,585 shares during the quarter. Symmetry Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of TSM. State Board of Administration of Florida Retirement System purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $1,810,000. Kestra Advisory Services LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 9.5% during the third quarter. Kestra Advisory Services LLC now owns 68,996 shares of the semiconductor company’s stock valued at $5,996,000 after acquiring an additional 5,968 shares in the last quarter. Prudential PLC raised its position in shares of Taiwan Semiconductor Manufacturing by 19.4% in the 3rd quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 476 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $5,808,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $4,773,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $2.81 during midday trading on Tuesday, hitting $180.05. The company had a trading volume of 22,965,922 shares, compared to its average volume of 14,992,099. The company has a fifty day moving average of $149.65 and a two-hundred day moving average of $130.34. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $184.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The company has a market cap of $933.81 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.18 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.08%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Analyst Ratings Changes

Several research firms recently commented on TSM. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.